EURUSD poised for bullish continuation

From xm.com

video EURUSD opened the week with positive momentum marginally below the 1.0600 level, having slightly trimmed some of its recent gains as overbought signals appeared on the chart. The RSI keeps fluctuating comfortably above its 50 neutral mark following the pullback below 70, reflecting persisting buying interest, whereas the stochastics and the MACD are looking for a downside reversal, suggesting that some caution is still required. Yet, with the pair maintaining a clear bullish structure in the short-term picture, which recently expanded above the long-term crucial descending trendline drawn from May 2021, ... (full story)